The naira depreciated again at the official market and the interbank market yesterday as the Central Bank of Nigeria failed to meet foreign exchange demand at the Wholesale Dutch Auction System (WDAS).

In keeping with its tra
dition of continuous
and efficient service delivery to the banking industry and other stakeholders, the Chartered Institute of Bankers of Nigeria (CIBN) has elected new set of Office Holders to steer the affairs of the Institute for the next two years.
At the head of the newly constituted Governing Council is Mr. ‘Laoye Jaiyeola, FCIB, a thorough bred professional banker and financial analyst as President/Chairman of Council. He succeeds, Dr. Erastus B.O. Akingbola, FCIB, immediate Past President of the Institute.
Other elected Office Holders that will assist Mr. Jaiyeola in the onerous task of running the affairs of the Institute are: Mr. Segun Aina, FCIB, FCIB – 1st Vice President; Otunba ‘Debola Osibogun, FCIB- 2nd Vice President; Mr. Uche Olowu, FCIB-Treasurer. In addition to the Office Holders, Mr. Abdurahman Yinusa, FCIB, Executive Director, Finbank Plc, Mr. Bayo Olugbemi, FCIB, Managing Director/CE, First Registrars Nigeria Ltd, Barr. Deji Olanrewaju, FCIB, Lecturer, Babcock University, Mrs. Moji O. Giwa-Osagie, FCIB, Principal Manager, Union Bank of Nigeria Plc and Mr. Solomon A. Aderoju, FCIB, MD/CE, Solad Consulting, were also elected into the Governing Council of the Institute. They are expected to work hand in hand with the Office Holders.

IN the last twenty-eight days that Prince Vincent Eze Ogbulafor resigned as the national Chairman of the self acclaimed largest party in Africa, the Peoples Democratic Party, PDP, the fight for his replacement has been hysterical.

The declining trend on the Nigerian Stock Exchange (NSE) continued, Wednesday, as the value of listed equities dropped further by N29.27 billion.

In furtherance of the its commitment to delivering top notch services to its customers, Standard Chartered Bank recently revamped its Priority Banking Offering.

MoneyGram International in partnership with First Bank of Nigeria Plc has expressed their preparedness to transform Nigeria’s financial services industry by providing funds transfer services to a vast majority of the Nigerian populace, especially people at the grassroots.

The Forensic and Compliance Institute (FCI) has dragged the Institute of Chartered Accountants of Nigeria (ICAN) to court of an alleged breach of contractual agreement between both parties.

The endorsement by members of the National Council of States of the Vice Chancellor of Bayero University, Kano, Professor Attahiru Jega as the chairman-designate of the Independent National Electoral Commission, INEC has deservedly elicited a cautious optimism from many Nigerians who have commented on the decision by the Council of State.

While most unions in the country are lamenting over dwindling income occasioned by declining membership, National Union of Food, Beverage and Tobacco Employees, NUFBTE, is busy diversifying and expanding its income base. Like Governor Adams Oshiomhole of Edo State, and immediate past President of Nigeria Labour Congress, NLC, would say, nobody achieves success through lamentation, but by confronting the object of lamentation head on.

MARITIME Workers Union of Nigeria, MWUN, has insisted the union would shut down the nation’s ports should the Management of Nigerian Ports Authority, NPA, fail to prevail on Shell Petroleum Development Company, SPDC, Chevron/Texaco, Agip Energy & Natural Resources and 18 other firms to pay dockworkers for tonnage handled in off-shore operations for the past three years.